Insiders Buy the Holdings of FIW ETF

A look at the weighted underlying holdings of the First Trust ISE Water Index Fund (FIW) shows an impressive 12.1% of holdings on a weighted basis have experienced insider buying within the past six months.

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Gorman-Rupp Co. ( GRC), which makes up 3.23% of the First Trust ISE Water Index Fund ( FIW), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $6,052,004 worth of GRC, making it the #14 largest holding. The table below details the recent insider buying activity observed at GRC:

GRC — last trade: $29.85 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
07/30/2014 Kenneth R. Reynolds Director 2,500 $29.40 $73,500.00
07/31/2014 W. Wayne Walston Director 500 $28.69 $14,344.95

And Energy Recovery Inc ( ERII), the #20 largest holding among components of the First Trust ISE Water Index Fund ( FIW), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $5,215,663 worth of ERII, which represents approximately 2.79% of the ETF's total assets at last check. The recent insider buying activity observed at ERII is detailed in the table below:

ERII — last trade: $4.23 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
02/18/2014 Ole Peter Lorentzen 100,000 $4.17 $417,420.00
05/07/2014 Ole Peter Lorentzen 1,000,000 $5.21 $5,209,100.00
05/21/2014 Robert YU Lang Mao Director 50,000 $4.57 $228,287.02
05/27/2014 Dominique Trempont Director 39,566 $4.74 $187,401.88
05/30/2014 Dominique Trempont Director 21,571 $5.15 $111,058.94

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